Energy News

 

Offshore Wind Challenge Open for Submissions

Mar 12, 2020

U.S. cleantech incubator Greentown Labs, and offshore wind developer Vineyard Wind have started accepting applications for their Offshore Wind Challenge. Greentown Labs and Vineyard Wind are seeking submissions from startups that are innovating in marine mammal monitoring…

Tullow Oil Future in Doubt

Mar 12, 2020

Tullow Oil said on Thursday the oil price fall may jeopardize a planned $1 billion in asset sales needed to refill its coffers, raising the risk the group's lenders may become reluctant to approve loans essential to shoring up its future. The…

Offshore Safety Must Not Be Compromised by Coronavirus, Safety Body Says

Mar 12, 2020

Norway's offshore oil and gas safety watchdog Petroleum Safety Authority has said „is prioritizing the maintenance of its supervisory activities as far as possible given the spread of the coronavirus.“PSA Norway, whose main job is to monitor…

Santos Preps for Yoorn-1 Drilling

Mar 12, 2020

Australian oil and gas operator Santos is planning to carry out an offshore survey in preparation for the proposed Yoorn-1 drilling in the offshore block WA-499-P, in W. Australia.According to an application filed this week, as part of the drilling preparatory work…

TenneT to Spend 4-5 Bln Euros Per Year

Mar 12, 2020

Grid operator TenneT reported a 9% drop in 2019 operating earnings on Thursday and repeated it will need fresh capital to build the infrastructure needed to realize Dutch and German government plans for more renewable energy. In its 2019 annual report…

Mubadala Raises Manora Field Stake to 70%

Mar 12, 2020

Mubadala Petroleum has increased its ownership share in the G1/48 block containing the Manora oil field in the Gulf of Thailand.The company has, via its subsidiary MP G1, taken a 10 percent interest in the offshore block from Northern Gulf Petroleum…

Santos Sells 25% in Darwin LNG and Bayu Undan Field for $390M

Mar 12, 2020

Australia's oil and gas company Santos will sell a 25% interest in Darwin LNG and Bayu Undan gas condensate offshore field to SK E&S for US$390 million with effect from October 1, 2019 with customary adjustments on completion.Santos also said…

ESA Nod for Norway's Floating Wind Farm

Mar 11, 2020

The EFTA Surveillance Authority (ESA) has approved Norway’s state aid to the 88MW Hywind Tampen floating offshore wind project in the Norwegian North Sea.'Norway's initiative to reduce CO2 emissions by building a floating offshore wind farm consisting of 11 wind turbines…

Long-Term Charters for Island Offshore PSV Sextet

Mar 11, 2020

Norwegian offshore vessel owner Island Offshore has secured long-term contracts and extensions for six of its platform supply vessels.First, the company said Wednesday it had won long term contracts with oil company Lundin Petroleum for the…

Cairn Confident of Securing Sangomar Funding

Mar 11, 2020

London-listed oil and gas company Cairn Energy has provided an update of its operations including the progressing of the Sangomar Field Development offshore Senegal despite the having yet to attract the necessary funding for its share of the costs…

Valaris Drops BOP-Stack to Seafloor Offshore Angola

Mar 11, 2020

Offshore drilling contractor Valaris has informed that one of its drillships has been involved in an incident that included the accidental dropping of a Blowout Preventer Stack to the seafloor of Angola. The incident might cost the company the drilling contract…

Norwegian Oil Regulator Restricts Visits on Coronavirus Fears

Mar 11, 2020

Norway's oil and gas industry regulator has introduced restrictions with regard to the presence in its offices for persons who have been in areas with the prolonged spread of coronavirus.'If you have been in these areas during the last 14 days…

Petronas Selling Two Offshore Units at Online Marketplace

Mar 11, 2020

AllSurplus, an online auction marketplace owned by Liquidity Services, is currently marketing two offshore production units from Petronas in a private treaty sale.The company said Tuesday that the two assets are 30,000 BFPD Self-Elevating Mobile…

Oil Crash Makes Wind Power Firm Nordics' Biggest Energy Company

Mar 11, 2020

The oil price crash has led to Danish offshore wind developer Orsted overtaking Norwegian oil major Equinor as the most valuable energy company in the Nordics, highlighting the appeal to investors of renewables over fossil fuels. Shares in Equinor…

UK: OGA Halts North Sea Licensing Rounds

Mar 11, 2020

Britain's Oil and Gas Authority has halted its licensing rounds for offshore exploration acreage in the North Sea at least until next year, it said on Tuesday.'The OGA have temporarily paused Licence Round activity... There will be no Round in 2020/21…

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